SHORTCUTS

529 Plan Details:

Enter your state:

World's Simplest College Calculator:

How old is your child?

Find a 529 Pro:

Enter your zip code:

Enroll In a 529 Plan:

View a list of participating plans

OPTIONS

529 PLANS

BlackRock CollegeAdvantage 529 Plan

Ohio

The Ohio BlackRock CollegeAdvantage 529 Plan is an advisor-sold 529 savings program offering three age-based options, three target-risk options, 11 single-fund options featuring BlackRock mutual funds, 3 single-fund options featuring iShares exchange-traded funds, and 3 single-fund options featuring other fund families. To find a financial advisor in your area, use the Find a 529 Pro Directory.

5-Cap Rating

Resident:
Non-Resident:

Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)

Performance Costs Features Reliability Resident Upgrade
3.27 3.15 4.03 4.30 0.43

Find an advisor

Enroll in BlackRock CollegeAdvantage 529 Plan through a financial advisor. Search our directory of qualified 529 professionals to find one near you.

Find a 529 Pro Now Become a 529 Pro

General

Program type:

Savings

How to enroll:

Enroll through a financial advisor. Find a Professional

Initial year of operation:

2009

State agency(ies):

Ohio Tuition Trust Authority, part of the Office of the Chancellor, Ohio Board of Regents

Program manager:

BlackRock Advisors, LLC

Program distributor:

BlackRock Investments, LLC

Manager contract term:

Premium subscription required for this data.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all 529 account balances in Ohio's 529 plans for the same beneficiary reach $394,000.

Minimum contributions:

The minimum initial contribution is $25 per investment option and the minimum subsequent contribution is $25.

Investment Options

Age-based investment options:

The Age-Based Options offer a choice between 3 risk levels (Aggressive, Moderate, and Conservative). Each contains 5 age bands comprised of between 13 and 14 underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and the age of the beneficiary. The portfolios shift to a more conservative investment allocation over time.

Static investment options:

Select among 3 Target-Risk Investment Options (Aggressive Growth, Growth and Moderate) and 15 Single Strategy Investment Options, including 9 equity portfolios, two balanced portfolios, 5 fixed income portfolios, and a money market portfolio.

Underlying investments:

Mutual funds from BlackRock, Rainier, Voya, Wells Fargo and iShares ETFs.

Underlying fund allocations:

Premium subscription required for this data.

Investment performance link:

Premium subscription required for this data.

Portfolio Fees & Performance Lookup

Premium subscription required for this data.

Fees & Expenses

Enrollment or application fee:

None, but contributions may be subject to a sales charge depending on share class.

Account maintenance fee:

$25 annually; waived if account owner is a resident of Ohio, the balance of all accounts with the same account owner and beneficiary is $25,000 or more, or the account owner makes periodic contributions via Automatic Investment Plan or payroll deduction.

Program management fees:

0.23% (includes 0.04% fee to the state), plus distribution/servicing fees of 0.25% (Class A) or 1.00% (Class C).

Expenses of the underlying investments:

Ranges from 0.07% to 1.21%.

Total asset-based expense ratio:

Class A: 0.55% - 1.69%
Class C: 1.30% - 2.44%

Broker loads and commissions:

Premium subscription required for this data.

Breakpoint pricing:

Premium subscription required for this data.

Does breakpoint pricing include non-529 assets under rights of accumulation policies

Premium subscription required for this data.

Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Contributions, including rollover contributions, to a Ohio 529 plan of up to $2,000 per beneficiary per year (any filing status) are deductible in computing Ohio taxable income, with an unlimited carryforward of excess contributions. Contribution deadline is December 31.

Value of in-state tax benefits:

Premium subscription required for this data.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Ohio taxable income to the extent of prior Ohio tax deductions. Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability, withdrawals made on account of the beneficiary's receipt of a scholarship. Offering materials indicate that distributions subsequently rolled over to another 529 plan are subject to Ohio tax recapture; whether or not "trustee to trustee" rollovers are subject to recapture appears unclear.

State tax treatment of qualified distributions:

Qualified distributions from Ohio and non-Ohio 529 plans are exempt. Ohio also exempts distributions from a Ohio 529 plan attributable to the beneficiary's death, disability, or receipt of a scholarship.

State tax treatment of rollovers:

Ohio follows federal tax-free treatment except that outbound rollovers appear subject to the recapture of prior state tax deductions.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Does the program have a formal agreement with a rewards program or outside scholarship program?

No

Statutory protection of an account from creditors:

Premium subscription required for this data.

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

No

Documents and other services accessible or downloadable on the program's public Web site:

Premium subscription required for this data.

Contact

Web site:

Click here to visit

Telephone:

1-866-529-8582

Telephone for broker use:

Premium subscription required for this data.

Plan News

Search our directory of qualified 529 professionals to find one near you!

Find a 529 Pro Now Become a 529 Pro